Our Home Construction Loan is perfectly suited to your needs; giving tailored and flexible finance to put building blocks to your dream home. The loan is disbursed as per the stage of construction, giving you the flexibility to contribute your share too in parts. MOHF Home Construction Loan is extended to construct residential premises either from a contractor or contractual builder on a freehold owned plot of non-agricultural land as per plan approved by the local authority.

Eligibility

Loan Amount

Loans covering up to

85%

of the construction cost

Maximum

25 Lakhs

*At the discretion of MOHF

Loan Tenure

Minimum

5 Years

Maximum

25 Years

Salaried

20 Years

Self-Employed

We offer loans covering up to 85% of the construction cost approved by a certified engineer / architect and verified by an MOHF valuer.

Loan tenor may not be extended beyond the age of sixty (60) years in case of Salaried and Seventy (70) in case of self-employed customers at the time of loan maturity

Interest Rate

Customer Type

Interest Rate

RPLR Minus Spread

MOHF RPLR

Salaried

12.00% to 16.00%

6.50 % to 3.50 %

18.80%

Self Employed

12.00% to 16.00%

6.50 % to 3.50 %

18.80%

Self Employed / Non Professional

12.50% to 16.00%

6.50 % to 2.50 %

18.80%

* RPLR - Retail Prime Lending Rate

Processing Fees

Sr. No.

Fees / Charges Type

Description

1.

Non-refundable Processing fees:.

Up to Rs. 5,000 /- (Rupees Five Thousand only). Initial Processing Fee collected is onetime non-refundable fee, and is collected for the purpose of processing the loan application of the borrowers and the same is independent of the outcome of such processing. The same is payable by way of Cheque / Demand Draft / Electronic mode of payment from borrowers bank account in favour of Motilal Oswal Home Finance Limited.

Rs……………………(In Words………………………………………………………………………………………………………… …………………………………………………………………………) The same is payable by way of Cheque / Demand Draft / Electronic mode of payment from borrowers bank account in favour of Motilal Oswal Home Finance Limited